6 days ago
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The UK property market is becoming increasingly divided, with some homeowners seeing gains of almost £10,000 while others watch prices plummet.
New figures from Zoopla reveal the typical home has increased in value by £3,400 over the past year, taking the nationwide average to £272,800.
However, annual price growth has slowed to 1.3%, down from 1.7% at the same point last year, which the agent puts down to increased housing stock ‘giving buyers more room to negotiate.’
The number of sales agreed has dropped 9% compared with a year ago too, as buyers adopt a ‘wait-and-see approach’ amid higher mortgage costs and economic uncertainty.
But a number of r...
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